Adobe Inc. (NASDAQ:ADBE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Adobe Inc. (NASDAQ:ADBE) have received a consensus rating of “Hold” from the twenty-nine brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $428.9630.

Several equities research analysts recently weighed in on ADBE shares. Mizuho reduced their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer lowered their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Finally, Piper Sandler reduced their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Adobe

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADBE. Brighton Jones LLC boosted its stake in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in Adobe by 9.6% during the first quarter. Sound View Wealth Advisors Group LLC now owns 750 shares of the software company’s stock valued at $288,000 after acquiring an additional 66 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in Adobe by 241.5% in the first quarter. Baker Avenue Asset Management LP now owns 2,524 shares of the software company’s stock valued at $968,000 after acquiring an additional 1,785 shares during the period. Signature Wealth Management Partners LLC boosted its position in Adobe by 31.6% in the first quarter. Signature Wealth Management Partners LLC now owns 917 shares of the software company’s stock worth $352,000 after purchasing an additional 220 shares during the last quarter. Finally, Mirabaud & Cie SA grew its stake in shares of Adobe by 33.0% during the 1st quarter. Mirabaud & Cie SA now owns 9,498 shares of the software company’s stock valued at $3,643,000 after purchasing an additional 2,357 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE opened at $320.25 on Friday. The stock has a 50-day moving average price of $339.41 and a 200-day moving average price of $362.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $134.05 billion, a PE ratio of 19.95, a P/E/G ratio of 1.51 and a beta of 1.47. Adobe has a 1 year low of $311.58 and a 1 year high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Sell-side analysts predict that Adobe will post 16.65 earnings per share for the current fiscal year.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.